Mocana Raises $11 Million In New Funding To Revolutionize IoT Security And Enable IoT Devices To Defend Themselves Against Cyber Attacks
Investors Deepen Commitment to Technology Used to Protect Millions of IoT Devices and Industrial Control Systems
Mocana Corporation, a leading provider of mission-critical IoT security solutions for industrial control systems and the Internet of Things, today announced that the company has received $11 million in additional investment from Sway Ventures, Shasta Ventures, Trident Capital Fund and GE Ventures. With the added capital, which brings the total amount raised to $93.6 million, the company will continue to advance its IoT Security Platform to protect the billions of connected devices that comprise the industrial IoT market, which Grand View Research predicts will be valued at $933.62 billion by 2025. The funds will be used to accelerate innovation and drive growth. The company serves hundreds of industrial manufacturing and IoT companies, and its software protects more than 100 million IoT and industrial control devices.